2005 NYU/Penn Conference on Law and Finance
February 25-26, 2005
New York, NY
First Annual NYU/Penn Conference on Law and Finance
Friday, February 25, 2005
Conference: 9:00 a.m. to 5:30
Dinner: 6:00 p.m.
Saturday, February 26, 2005
Conference: 9:00 a.m. to 12 noon
Box lunch provided
New York University School of Law
Furman Hall, 245 Sullivan Street
Pollack Seminar Room, 9th floor
William T. Allen , Nusbaum Professor of Law and Business
Director, Center for Law & Business
New York University
Yakov Amihud , Ira Rennert Professor of Finance
Stern School of Business, New York University
Richard E. Kihlstrom , Ervin Miller-Arthur M. Freedman Professor of Finance and Economics
The Wharton School, University of Pennsylvania
Edward B. Rock , Saul A. Fox Distinguished Professor of Business Law
Co-director, Institute for Law and Economics
University of Pennsylvania School of Law
FRIDAY, FEBRUARY 25
9:00 a.m. Registration and Breakfast
9:40 a.m. WELCOMING REMARKS: Dean Richard Revesz, NYU School of Law
9:45 to 10:45 a.m. Armando Gomes, The Wharton School, University of Pennsylvania
Gary Gorton, The Wharton School, University of Pennsylvania
Leonardo Madureira, The Wharton School, University of Pennsylvania
"SEC Regulation Fair Disclosure, Information, and the Cost of Capital"
Merritt B. Fox,
Columbia University School of Law
10:45 to 11:00 a.m. Coffee Break
11:00 to 12 noon Mihir A. Desai, Harvard University and NBER
Alexander Dyck, University of Toronto
Luigi Zingales, University of Chicago, NBER and CEPR
"Theft and Taxes"
NYU School of Law
12 noon to 1:00 p.m. Lawrence D. Brown, Georgia State University
Marcus L. Caylor, Georgia State University
"Corporate Governance and Firm Performance"
The Wharton School,
University of Pennsylvania
1:00 p.m. to 1:30 p.m. Buffet Lunch
1:30 p.m. to 2:30 p.m. Stephen N. Kaplan, University of Chicago Graduate School of Business
Frederic Martel, University of Lausanne IMD and UBS Global Asset Management
Per Strömberg, University of Chicago Graduate School of Business
"How Do Legal Differences and Learning Affect Financial Contracts?"
2:30 p.m. to 2:45 p.m. Coffee Break
2:45 p.m. to 3:45 p.m. Robert Daines, Stanford Law School
Vinay Nair, The Wharton School, University of Pennsylvania
Lewis A. Kornhauser, NYU School of Law
"The Good, The Bad, and the Lucky: CEO Pay and Skill"
3:45 p.m. to 4:00 p.m. Coffee Break
4:00 p.m. to 5:00 p.m. Viral V. Acharya, London Business School
Rangarajan K. Sundaram, Stern School of Business, New York University
Kose John, Stern School of Business, New York University
"On the Capital Structure Implications of Bankruptcy Codes"
Yale Law School
7:00 p.m. to 9:00 p.m. DINNER Provence, 38 MacDougal Street
SATURDAY, FEBRUARY 26
8:30 a.m. Continental Breakfast
9:00 a.m. to 10:00 a.m. Stephen J. Choi, NYU School of Law
"Do the Merits Matter Less After the Private Securities Litigation Reform Act?"
Smith School of Business
University of Maryland
Visiting, Stern School of Business
10:00 a.m. to 10:15 a.m. Coffee Break
10:15 a.m. to 11:15 a.m. Michael L. Wachter, University of Pennsylvania Law School
Richard E. Kihlstrom, The Wharton School, University of Pennsylvania
"Why Defer to Managers? A Strong Form Efficiency Model"
Stanford University School of Law
Columbia University School of Law
11:15 a.m. to 11:30 a.m. Coffee Break
11:30 a.m. to 12:30 p.m.
Eric Talley, USC Law School
Gudrun Johnsen, International Monetary Fund
"Corporate Governance, Executive Compensation and Securities Litigation"
Bernard S. Black
University of Texas
12:30 p.m. LUNCH Lipton Hall, 110 W. 3rd Street